Catylist ID:
#30706091
Investment Property located in Dutch Square
Industrial
for Sale
Also listed as Office
| Catylist Listing ID: | 30706091 |
| Property Subtypes: | Industrial-Business Park, Light Industrial, Net Leased, Other |
| Building Size (RSF): | 15,300 SF |
| Gross Land Area: | 1.66 Acres |
| Sale Price: | $1,674,844 |
| Unit Price: | $109.47 PSF |
| Property Use Type: | Investment |
| Usable Size (USF): | 15,300 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | 6.0% |
| Last Updated: | 10/8/2021 |
Overview / Comments
|
Excellent 1031 exchange property in the desirable area of Dutch Square. NN lease in place with a strong Regional Tenant with multiple locations in the South East U.S. The property has access to Market Street, Gordon Road, and I-40 with signalized intersections. This property contains a +/- 15,300 SF freestanding office/warehouse building that was completed renovated in 2019. The building is fully heated other than the +/- 1,800 SF warehouse space. +/-1,625 SF of the building is climate-controlled warehouse/lab space. The remaining portion of the building is +/-11,875 SF of office/open workspace. All on +/- 1.66 acres of highly vegetated land. There are overhead loading doors, a large laydown yard, and convenient parking next to the premises. Several years left on the lease and two additional renewal options of 5 years each. NDA agreement is available for lease info. Showing by appointment only. |
Attachments & Media
Additional Details
| Nearest MSA: | Wilmington |
| County: | New Hanover |
| Tax ID/APN: | R04320-001-012-000, R04320-001-013-000 |
| Zoning: | I-2, B-2 |
| Tenancy: | Single Tenant |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Year Renovated: | 2019 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 5,186 | 57,694 | 106,769 |
| Median Age: | 32.8 | 35.36 | 36.63 |
| Households: | 2,298 | 23,880 | 45,080 |
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